Ok so I just watched the conference.
Hmm, I can see why it might irritate some people. They do act like they are innovating this stuff rather than being inspired by other companies. I would have preferred it if they had said stuff like the Wii and XBox 360 inspired us to do this and this rather than pretending that we weren't all thinking the same thing.
I am also confused as to why they showed mulitformat titles like Sonic and Assassin's Creed on their showreel, as those are not indicative of what makes the system different. Glad to see MGS had the usual pointless trailer again.
I agree Eight Days looks good and that draw distance is impressive. But visually and technically there was nothing there that Gears of War doesn't do more impressively on the 360.
The PS3 is undoubtedly going to be a great machine but I didn't see anything to set it apart from the 360 there. There was nothing demonstrating the kind of graphical quality and power that we have seen in GRAW.